YGMZ Stock | | | USD 0.88 0.07 7.37% |
Mingzhu Logistics financial indicator trend analysis is infinitely more than just investigating Mingzhu Logistics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingzhu Logistics is a good investment. Please check the relationship between Mingzhu Logistics Begin Period Cash Flow and its Price Cash Flow Ratio accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Begin Period Cash Flow vs Price Cash Flow Ratio
Begin Period Cash Flow vs Price Cash Flow Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mingzhu Logistics Begin Period Cash Flow account and
Price Cash Flow Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mingzhu Logistics' Begin Period Cash Flow and Price Cash Flow Ratio is -0.15. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Price Cash Flow Ratio in the same time period over historical financial statements of Mingzhu Logistics Holdings, assuming nothing else is changed. The correlation between historical values of Mingzhu Logistics' Begin Period Cash Flow and Price Cash Flow Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Mingzhu Logistics Holdings are associated (or correlated) with its Price Cash Flow Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price Cash Flow Ratio has no effect on the direction of Begin Period Cash Flow i.e., Mingzhu Logistics' Begin Period Cash Flow and Price Cash Flow Ratio go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Price Cash Flow Ratio
Most indicators from Mingzhu Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mingzhu Logistics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, Mingzhu Logistics'
Tax Provision is fairly stable compared to the past year.
Selling General Administrative is likely to rise to about 2.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Mingzhu Logistics fundamental ratios Correlations
Click cells to compare fundamentals
Mingzhu Logistics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mingzhu Logistics fundamental ratios Accounts
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Additional Tools for Mingzhu Stock Analysis
When running Mingzhu Logistics' price analysis, check to
measure Mingzhu Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mingzhu Logistics is operating at the current time. Most of Mingzhu Logistics' value examination focuses on studying past and present price action to
predict the probability of Mingzhu Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mingzhu Logistics' price. Additionally, you may evaluate how the addition of Mingzhu Logistics to your portfolios can decrease your overall portfolio volatility.